Dell Target of Unusually High Options Trading (DELL)
Shares of Dell (NASDAQ:DELL) was the recipient of unusually large options trading activity on Wednesday. Stock traders purchased 20,438 put options on the stock, ARN reports. This represents an increase of approximately 382% compared to the typical volume of 4,236 put options.
A number of research firms have recently commented on DELL. Analysts at Zacks upgraded shares of Dell (NASDAQ:DELL) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $15.00 price target on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of Dell (NASDAQ:DELL) from a “hold” rating to a “buy” rating in a research note to investors on Monday, July 1st.
Four equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have given a buy rating to the company. Dell currently has an average rating of “Hold” and a consensus target price of $13.57.
Dell (NASDAQ:DELL) remained flat at $13.85 during trading on Wednesday. 19,669,050 shares of the company’s stock traded hands. Dell has a one year low of $8.69 and a one year high of $14.64. The stock’s 50-day moving average is $13.5 and its 200-day moving average is $13.62. The company has a market cap of $24.353 billion and a price-to-earnings ratio of 18.06.
Dell (NASDAQ:DELL) last released its earnings data on Thursday, August 15th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $14.50 billion for the quarter, compared to the consensus estimate of $14.18 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, analysts predict that Dell will post $0.95 earnings per share for the current fiscal year.
Dell, Inc (NASDAQ:DELL) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels.
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